Can I retire at age 72 with 11,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$957,917$949,385$941,060$932,934$925,000$889,706
2 years$474,216$465,385$456,825$448,526$440,476$405,333
3 years$313,004$304,134$295,596$287,375$279,456$245,570
4 years$232,413$223,571$215,118$207,038$199,311$166,939
5 years$184,072$175,282$166,941$159,025$151,513$120,740
6 years$151,855$143,131$134,913$127,173$119,887$90,734
7 years$128,851$120,201$112,113$104,556$97,500$69,958
8 years$111,607$103,035$95,081$87,710$80,886$54,928
9 years$98,201$89,710$81,893$74,709$68,118$43,707
10 years$87,483$79,075$71,396$64,400$58,040$35,130
11 years$78,720$70,396$62,856$56,047$49,916$28,458
12 years$71,422$63,184$55,783$49,161$43,256$23,193
13 years$65,252$57,100$49,839$43,402$37,720$18,994
14 years$59,968$51,902$44,780$38,527$33,065$15,616
15 years$55,392$47,413$40,431$34,360$29,113$12,878
16 years$51,392$43,501$36,656$30,765$25,730$10,648
17 years$47,867$40,063$33,356$27,642$22,814$8,822
18 years$44,737$37,020$30,449$24,911$20,285$7,322
19 years$41,939$34,309$27,875$22,509$18,081$6,085
20 years$39,425$31,882$25,582$20,387$16,150$5,063
21 years$37,153$29,697$23,531$18,502$14,453$4,217
22 years$35,090$27,721$21,687$16,823$12,955$3,515
23 years$33,209$25,927$20,024$15,321$11,629$2,932
24 years$31,488$24,292$18,519$13,973$10,452$2,446
25 years$29,907$22,797$17,152$12,761$9,405$2,043
26 years$28,449$21,425$15,908$11,668$8,472$1,706
27 years$27,102$20,164$14,772$10,680$7,638$1,425
28 years$25,854$19,000$13,732$9,785$6,892$1,191
29 years$24,694$17,924$12,779$8,973$6,223$996
30 years$23,613$16,928$11,903$8,235$5,623$832
31 years$22,603$16,002$11,097$7,564$5,084$696
32 years$21,659$15,141$10,354$6,951$4,599$582
33 years$20,774$14,339$9,667$6,392$4,162$487
34 years$19,943$13,590$9,033$5,881$3,768$407
35 years$19,160$12,890$8,445$5,414$3,413$341
36 years$18,423$12,235$7,900$4,986$3,092$285
37 years$17,728$11,620$7,394$4,594$2,803$238
38 years$17,071$11,043$6,924$4,235$2,541$199
39 years$16,449$10,501$6,487$3,904$2,304$167
40 years$15,859$9,991$6,081$3,601$2,090$140
41 years$15,300$9,510$5,702$3,323$1,896$117
42 years$14,768$9,057$5,348$3,066$1,720$98
43 years$14,263$8,630$5,019$2,831$1,561$82
44 years$13,782$8,226$4,711$2,614$1,417$68
45 years$13,324$7,844$4,423$2,414$1,287$57
46 years$12,887$7,483$4,155$2,230$1,168$48
47 years$12,470$7,141$3,903$2,060$1,061$40
48 years$12,072$6,817$3,668$1,903$963$34
49 years$11,690$6,510$3,448$1,759$875$28
50 years$11,326$6,219$3,241$1,626$795$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $11,600,000, adding $5,763 every year, while hoping to spend $29,177 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 43/42/15 Blend
71$11,600,000$11,600,000$11,600,000$11,600,000
72$12,789,145$12,174,345$11,994,545$13,283,078
73$14,062,593$12,739,843$12,365,318$14,195,710
74$15,464,956$13,332,074$12,747,534$15,180,480
75$17,009,350$13,952,315$13,141,546$16,246,724
76$18,710,233$14,601,907$13,547,716$17,401,941
77$20,583,532$15,282,256$13,966,420$18,654,355
78$22,646,801$15,994,835$14,398,044$20,012,993
79$24,919,382$16,741,189$14,842,985$21,487,762
80$27,422,587$17,522,936$15,301,654$23,089,540
81$30,179,905$18,341,773$15,774,473$24,830,270
82$33,217,216$19,199,480$16,261,878$26,723,066
83$36,563,040$20,097,923$16,764,319$28,782,334
84$40,248,804$21,039,055$17,282,258$31,023,900
85$44,309,141$22,024,928$17,816,172$33,465,153
86$48,782,213$23,057,689$18,366,554$36,125,199
87$53,710,075$24,139,593$18,933,910$39,025,036
88$59,139,070$25,273,000$19,518,763$42,187,748
89$65,120,265$26,460,386$20,121,651$45,638,707
90$71,709,936$27,704,349$20,743,130$49,405,809
91$78,970,096$29,007,609$21,383,772$53,519,730
92$86,969,083$30,373,019$22,044,166$58,014,199
93$95,782,205$31,803,572$22,724,921$62,926,314
94$105,492,447$33,302,404$23,426,662$68,296,878
95$116,191,257$34,872,803$24,150,037$74,170,775
96$127,979,412$36,518,217$24,895,709$80,597,378
97$140,967,962$38,242,260$25,664,366$87,631,011
98$155,279,287$40,048,723$26,456,715$95,331,444
99$171,048,243$41,941,579$27,273,484$103,764,443
100$188,423,443$43,924,995$28,115,424$113,002,383